adakah bagus kalau invest sebelum dividend dan dapatkan full dividedns?
contoh.
u invest RM10,000 dan dividedns 5%. betul, u akan dapat penuh 5%, iaitu RM500.
tapi selepas u dapat rm500. yg tinggal adalah rm9500. bukan rm10,000 atau rm10500.
kalau u re-invest, still rm10,000 dan unit akan bertambah.
yg penting faham apa itu dividedns atau income distribution vs capital gain in UT sebelum beli.
contoh lagi:
Income Distribution VS capital gain.
Total return in UT = income distribution(if any) + Capital gain/loss.
The effect of income distributions if cash out.
Public SmallCap Fund.
Risk Factor : Aggressive.
Financial year : 31 August
Launch Date : 13/06/2000
If RM10,000 invested in this Fund on 13/06/2000. After the service charge, 20,000 units purchased at RM0.470 for the price RM9400.00
Current value/returns as at 01/12/2010:
Public Smallcap Fund = RM40,931.95 with market price RM0.8732 per unit. (the income distribution re-invested)
Public SmallCap fund managed to give up to RM40,931.95 (309.31% in 11 years). with average simple return 28.12 annually.
Actual Profits = RM40,931.95 - RM10,000 = RM30,931.95
Total return = RM30,931.95 / RM10,000 X 100 = 309.31%
Average simple return 309.31% / 11 years = 28.12%
Since the distributions for RM10,000, re-invest back (Compounding interest) , Public Smallcap fund managed to give RM40,931.95 as at 01/12/2010.
tis is call capital gain over the time.
Let see what will happen if the distributions take out as CASH. (No Compounding interest to work for money)
2000 - No distribution given for Public Smallcap fund
2001 - No distribution given for Public Smallcap fund
2002 - RM0.040 given for per unit.
Total units purchased X Rm0.040
20,000 X Rm0.040 = RM800.00 (Taken out)
If the distributions taken out, the remaining units in investment are still 20,000 units.
2003 - RM0.035 given for per unit.
Remaining units X Rm0.035
20,000 X Rm0.035 = RM700.00 (Taken out)
If the distributions taken out, the remaining units in investment are still 20,000 units.
2004 - RM0.050 given for per unit.
Remaining units X Rm0.050
20,000 X Rm0.050 = RM1000.00 (Cash out)
If the distributions taken out, the remaining units in investment are still 20,000 units.
2005 - RM0.060 given for per unit.
Remaining units X Rm0.060
20,000 X Rm0.060 = RM1200.00 (Cash out)
If the distributions taken out, the remaining units in investment are still 20,000 units.
2006 - RM0.050 given for per unit.
Remaining units X Rm0.050
20,000 X Rm0.050 = RM1000.00 (Cash out)
If the distributions taken out, the remaining units in investment are still 20,000 units.
2007 - RM0.090 given for per unit.
Remaining units X Rm0.090
20,000 X Rm0.090 = RM1800.00 (Cash out)
If the distributions taken out, the remaining units in investment are still 20,000 units.
2008 - RM0.080 given for per unit.
Remaining units X Rm0.080
20,000 X Rm0.080 = RM1600.00 (Taken out)
If the distributions taken out, the remaining units in investment are still 20,000 units.
2009 - RM0.080 given for per unit.
Remaining units X Rm0.080
20,000 X Rm0.0850 = RM1600.00 (Cash out)
If the distributions taken out, the remaining units in investment are still 20,000 units.
2010 - RM0.090 given for per unit.
Remaining units X Rm0.090
20,000 X Rm0.090 = RM1800.00 (Cash out)
If the distributions taken out, the remaining units in investment are still 20,000 units.
Total incomes/distributions taken out (Cash out) are:
2002 -RM800.00 (No Compounding interest for next 8 years)
2003 - RM700.00 (No Compounding interest for next 7 years)
2004 - RM1000.00 (No Compounding interest for next 6 years)
2005 - RM1200.00 (No Compounding interest for next 5 years)
2006 - RM1000.00 (No Compounding interest for next 4 years)
2007 - RM1800.00 (No Compounding interest for next 3 years)
2008 - RM1600.00 (No Compounding interest for next 2 years)
2009 - RM1600.00 (No Compounding interest for next 1 years)
2010 - RM1800.00 (No Compounding interest for next 0 years)
Total - RM11,500.00.
If the remaining 20,000 units sell-back at RM0.8732 on 01/12/2010 = RM17,464.00
Total returns = RM11,500.00 + RM17,464.00 = RM28,964.00 only
So,
If the distributions NOT taken out and let the compounding interest work, As at 01/12/2010 the return is RM40,931.95.
If the distributions taken out, the return only = RM 28,964.00.
Diff = RM40,931.95 - RM 28,964.00 = RM11,967.95
If distributions re-invest back, the units will grow and more returns over the time if the fund perform well.
so, this is how to get high capital gain by re-invest the income over the time.
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